The rupee further weakened by 43 paise to 53.65 against the dollar on a weaker euro and domestic equity markets.
Capital outflows and the euro’s decline to a near a two-week low were a drag on the Indian unit.
In the opening trade, the rupee slipped 22 paise to 53.44 against the dollar from Thursday's close of 53.22 after the Government lowered the advance GDP estimate to a decade low of 5 per cent.
The euro weakened as the European Central Bank Chairman said that he would monitor the impact of the currency's strength and will alter the risk assessment as far as the price stability is concerned.
The Indian unit moved in the range of 53.65 to 53.42 to the dollar during the day so far. At 3.51 p.m., the unit was trading at 53.63 per dollar.
Investors will watch out for inflows from other upcoming share sale like MMTC and SAIL among others that may further boost the rupee.
